Delinquency rates for commercial and multifamily mortgage loans were relatively flat in the fourth quarter of 2017, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report. The report looked at a group that holds 80% of outstanding commercial/multifamily mortgage debt.

Based on the unpaid principal balance (UPB) of loans, delinquency rates for each group at the end of Q4 were:
– Banks and thrifts (90 or more days delinquent or in non-accrual): 0.51%, a decrease of 0.02 percentage points from the third quarter of 2017
– Life company portfolios (60 or more days delinquent): 0.03%, an increase of 0.01 percentage points from the third quarter of 2017
– Fannie Mae (60 or more days delinquent): 0.11%, an increase of 0.08 percentage points from the third quarter of 2017
– Freddie Mac (60 or more days delinquent): 0.02%, unchanged from the third quarter of 2017
– CMBS (30 or more days delinquent or in REO): 4.08%, a decrease of 0.52 percentage points from the third quarter of 2017